6. Long-Term Debt

Long-term debt consists of the following as of the dates presented (in thousands):

	March 31,		December 31,
	2015		2014
Surplus note	$	16,912	$	17,280
Term loan		13,511		13,330
Promissory note		1,390		—
Total	$	31,813	$	30,610

The term loan and unsecured line of credit contain certain covenants and restrictions applicable while amounts are outstanding thereunder. As of March 31, 2015, UIH had not drawn any amounts under the unsecured line of credit. Pursuant to the agreements underlying the term loan and unsecured line of credit, UIH will be prohibited from paying dividends to its shareholders should UIH default. UIH was in compliance with the covenants of the term loan as of March 31, 2015. UPCIC was in compliance with the terms of the surplus note as of March 31, 2015.